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Sectoral / Thematic · Nippon India Mutual Fund · AMFI code 101862Nippon India Banking & Financial Services Fund
Disclosed for 64 months, May 2021 to Aug 2026.Published as: NIPPON INDIA BANKING & FINANCIAL SERVICES FUND (An open ended equity scheme investing in Banking & Financial Services Sector)
Portfolio value
₹6,238 Cr
down ₹151 Cr vs Sep 2024
- Stocks held
- 26
- unchanged
Nippon India Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Nippon India Mutual Fund. In October 2024 it disclosed 26 stocks worth ₹6,238 Cr, down ₹151 Cr from Sep 2024. Its largest positions were HDFC Bank Limited (21.5%), ICICI Bank Limited (16.4%), Axis Bank Limited (8.4%); the ten largest together made up 72.5% of the portfolio, and Banks was the biggest sector at 67.6% of its equity. Cash and debt stood at 1.7%. Compared with Sep 2024 the fund entered 0 new stocks and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
94%
Top-10 weight is higher than 94% of peers
Breadth
10%
Holds more stocks than 10% of peers
Cash
24%
Holds more cash than 24% of peers
What these mean: concentration · cash
Holdings in October 2024
Download CSVEvery line the fund disclosed, with the change against Sep 2024. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| HDFC Bank Limited | 21.47% | up 0.55 pts | ₹1,339 Cr | up ₹2.8 Cr | Held |
| ICICI Bank Limited | 16.40% | up 0.63 pts | ₹1,023 Cr | up ₹15.2 Cr | Added |
| Axis Bank Limited | 8.44% | up 0.07 pts | ₹526 Cr | down ₹8.3 Cr | Trimmed |
| State Bank of India | 4.73% | up 0.46 pts | ₹295 Cr | up ₹22.5 Cr | Added |
| Kotak Mahindra Bank Limited | 4.58% | down 0.21 pts | ₹286 Cr | down ₹20.3 Cr | Trimmed |
| IndusInd Bank Limited | 4.11% | down 0.71 pts | ₹256 Cr | down ₹51.7 Cr | Trimmed |
| The Federal Bank Limited | 3.90% | up 0.23 pts | ₹244 Cr | up ₹8.6 Cr | Added |
| SBI Life Insurance Company Limited | 3.38% | down 0.37 pts | ₹211 Cr | down ₹28.8 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 2.78% | down 0.27 pts | ₹174 Cr | down ₹21.5 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 2.74% | down 0.45 pts | ₹171 Cr | down ₹32.7 Cr | Trimmed |
| Bajaj Finserv Limited | 2.56% | down 0.26 pts | ₹160 Cr | down ₹20.3 Cr | Trimmed |
| Max Financial Services Limited | 2.49% | up 0.05 pts | ₹155 Cr | down ₹76 L | Held |
| UTI Asset Management Company Limited | 2.44% | up 0.23 pts | ₹152 Cr | up ₹10.8 Cr | Added |
| Power Finance Corporation Limited | 2.28% | down 0.11 pts | ₹142 Cr | down ₹10.3 Cr | Trimmed |
| Bajaj Finance Limited | 2.22% | down 0.20 pts | ₹138 Cr | down ₹16.3 Cr | Trimmed |
| HDFC Life Insurance Company Limited | 1.82% | up 0.05 pts | ₹114 Cr | up ₹34 L | Held |
| Cash, TREPS & receivables | 1.67% | up 0.02 pts | ₹104 Cr | down ₹1.3 Cr | Trimmed |
| Equitas Small Finance Bank Limited | 1.62% | down 0.01 pts | ₹101 Cr | down ₹2.9 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 1.59% | up 0.24 pts | ₹99.2 Cr | up ₹13 Cr | Added |
| One 97 Communications Limited | 1.41% | up 0.38 pts | ₹87.8 Cr | up ₹21.9 Cr | Added |
| Aavas Financiers Limited | 1.19% | down 0.07 pts | ₹74.1 Cr | down ₹6.4 Cr | Trimmed |
| Angel One Limited | 1.18% | up 0.21 pts | ₹73.7 Cr | up ₹11.8 Cr | Added |
| Canara Bank | 1.18% | down 0.07 pts | ₹73.5 Cr | down ₹6.2 Cr | Trimmed |
| KFin Technologies Limited | 1.16% | up <0.01 pts | ₹72.2 Cr | down ₹1.5 Cr | Trimmed |
| CreditAccess Grameen Limited | 1.13% | down 0.22 pts | ₹70.6 Cr | down ₹15.5 Cr | Trimmed |
| ICICI Lombard General Insurance Company Limited | 0.92% | down 0.10 pts | ₹57.6 Cr | down ₹7.7 Cr | Trimmed |
| Fedbank Financial Services Limited | 0.61% | down 0.06 pts | ₹38.1 Cr | down ₹5 Cr | Trimmed |
What changed, Sep 2024 to Oct 2024
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- State Bank of Indiaup ₹22.5 Cr (+0.46% pts)
- One 97 Communications Limitedup ₹21.9 Cr (+0.38% pts)
- ICICI Bank Limitedup ₹15.2 Cr (+0.63% pts)
- Multi Commodity Exchange of India Limitedup ₹13 Cr (+0.24% pts)
- Angel One Limitedup ₹11.8 Cr (+0.21% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Sep 2024, the weight rose most in Banks (+1.0 pts) and Capital Markets (+0.7 pts), and fell most in Finance (−1.7 pts) and Insurance (−0.4 pts).
- Banks66.6% → 67.6%+1.0 pts
- Capital Markets5.8% → 6.5%+0.7 pts
- Financial Technology (fintech)1.0% → 1.4%+0.4 pts
- Finance17.4% → 15.8%−1.7 pts
- Insurance9.1% → 8.8%−0.4 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Oct 2021 | Oct 2023 | Apr 2024 | Jul 2024 | Sep 2024 | Oct 2024 |
|---|---|---|---|---|---|---|
| Banks | 66.9% | 67.3% | 66.7% | 66.8% | 66.6% | 67.6% |
| Finance | 22.9% | 17.3% | 16.5% | 16.1% | 17.4% | 15.8% |
| Insurance | 5.6% | 9.4% | 10.6% | 11.2% | 9.1% | 8.8% |
| Capital Markets | 4.5% | 6.0% | 5.7% | 5.4% | 5.8% | 6.5% |
| Financial Technology (fintech) | — | — | 0.4% | 0.6% | 1.0% | 1.4% |
Allocation in Oct 2024change vs Sep 2024
- Banks (9)67.6%▲ 1.0 pts
- Finance (8)15.8%▼ 1.7 pts
- Insurance (4)8.8%▼ 0.4 pts
- Capital Markets (4)6.5%▲ 0.7 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Oct 2024
1.7%
unchanged vs Sep 2024
- Cash alone
- 1.7%
- cash and net receivables
- A year earlier
- 2.2%
- Oct 2023 · now ▼ 0.5 pts
- Last 12 months
- 0.8% – 3.7%
- lowest to highest · record 5.0% in Jul 2023
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.